Snap Inc. (SNAP) Shareholders Who Lost Money Have Opportunity to Lead Securities Fraud Lawsuit
SnapSnap(US:SNAP) Prnewswire·2025-09-26 19:28

Core Viewpoint - Investors in Snap Inc. have the opportunity to lead a securities fraud class action lawsuit due to alleged misleading statements regarding the company's advertising growth and earnings potential [1][2]. Summary by Sections Lawsuit Details - The lawsuit claims that between April 29, 2025, and August 5, 2025, Snap's management failed to disclose critical information, including: 1. Snap's optimistic reports on advertising growth and earnings potential were not aligned with reality, as they overly depended on the company's execution capabilities [2]. 2. Snap was facing significant execution errors, contrary to the management's claims of lacking visibility due to macroeconomic conditions [2]. 3. The positive statements made by the management regarding the company's business and prospects were materially misleading and lacked a reasonable basis throughout the relevant period [2]. Participation Information - Investors who suffered losses on their Snap investments are encouraged to participate in the class action lawsuit before the lead plaintiff deadline of October 20, 2025 [2]. - Interested parties can contact Glancy Prongay & Murray LLP for more information regarding participation and their rights [3][4]. Contact Information - For inquiries, investors can reach out to Charles Linehan at Glancy Prongay & Murray LLP, located at 1925 Century Park East, Suite 2100, Los Angeles, California 90067, via email or telephone [3][5].